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WERE FALSEHOODS FILED IN AMAYA OFFER?
23rd November, 2016 at 06:36:41
Dubai investment firm files SEC complaint.
Information filed with the Securities and Exchange Commission (SEC) in connection with David Baazov's $6.7 billion attempt to acquire online gambling group Amaya Inc has come under scrutiny following a complaint lodged with the SEC by a Dubai investment firm, KBC Aldini Capital Ltd., alleging that its name was used fraudulently.
The business news agency Bloomberg reports that KBC has denied involvement in Baazov's offer after its name was used in an SEC filing by Baazov or his associates claiming it was one of the four equity financiers backing his bid.
The Dubai firm's denial triggered a decline in the Amaya share price of 6% when it was publicised by Canadian media.
Approached by Bloomberg for comment, Amaya communications chief Eric Hollreiser said that Amaya has discussed the acquisition proposal with Baazov's advisers, but there has been no agreement or assurance of one; all statements would in any case be forced to go through "appropriate due diligence regarding Mr. Baazov's financing sources," he pointed out.
Related News Tags: Canada
NEKTAN IN DISTRIBUTION DEAL WITH HIGH 5 GAMES
29th March, 2017 at 15:16:22
Significant development for Nektan.
BAAZOV SELLS A THIRD OF HIS DOMINANT STAKE IN AMAYA ONLINE GAMBLING GROUP
08th March, 2017 at 11:38:44
Former CEO sells off 7 million shares worth a total of Cdn 133 million...and still has plenty more at home.
GOOD FULL YEAR PERFORMANCE FROM CHURCHILL DOWNS ONLINE
01st March, 2017 at 14:29:38
But impacted by decline in social casino bookings.
CANADIAN PROVINCE WRITES OFF DEBT INCURRED IN INFAMOUS ONLINE GAMBLING VENTURE (Update)
19th January, 2017 at 08:52:03
Cost to the taxpayer at least Cdn1.5 million, says Auditor General.
WILLIAM HILL OPERATING PROFITS DOWN GBP 30 MILLION IN LATEST FULL YEAR REPORT
09th January, 2017 at 08:59:45
Unfavourable football and horse racing results mar the balance sheet.